Fed policy and inflation debate: Warsh signals potential rate hikes but Goldman Sachs challenges effectiveness

Fed Governor Warsh signals potential rate hikes, endorsed by Buffett; Treasury yields at 4.64%; rate hike odds at 20%. Goldman Sachs argues supply shocks from tariffs, Iran war, and AI mismeasurement make rate hikes ineffective. Contrarian prediction suggests no rate hike in 2026. July FOMC meeting key.